When Is Enough Enough? Update
The Summer break has given me a lot of time for some humble self-reflection on the past 18 months as a "full-time trader". I won't bore you with the details, I will just say that you will learn a lot about yourself after losing the cost of a small house in less than 2 years in this opportunity I have called trading for a living. When years of preparing and saving for the trading account does not pan out as once hoped, what is a trader to do?
Option A: Call it quits.
Option B: Seek small wins and smaller losses.
Option C: I am still searching for an option "C", I am not sure there are any other options. For now, I am sticking with option B.
I am blessed to have a passive income that allows me to sit on my hands and ass long enough to risk it in these financial markets. For better or worse, the Pandora's box has been opened, the genie is out of the bottle, the toothpaste is out of the tube... I am a trader... FYI, (I hate the casino).
I began trading in 2002, I have traded through the "great recession", I was trading real money in a live account during the flash crash of 2010 and I am still here (dumb ass) maybe?
I am definitely foolish enough to think that I may get it right someday just long enough to where I can manage a decent size account again. Is that someday coming in 2018?
SPY SEP 283 PUT @ 4.17
Closed @ 4.70 for $51 profit.